Letting your crypto sit idle in your Binance account is a waste — you might as well put it into earn products to generate some interest. Binance offers quite a few earn products, but the variety can make it hard to choose. Register on Binance first to get your account ready, then download the Binance APP — you can see all available products on the Earn page. Let me help you figure out how to choose.
Binance Earn Product Categories
Flexible Products
Similar to a bank savings account — you can deposit and withdraw at any time, offering maximum flexibility.
- Pros: Can be withdrawn anytime for trading without delay
- Cons: Relatively lower interest rates
- Best for: People who need funds readily available for trading
Locked Products
After depositing, your funds are locked for a set period — typically 7, 30, 60, 90, or 120 days.
- Pros: Significantly higher interest rates than flexible products
- Cons: Cannot be redeemed during the lock period, or early redemption forfeits earnings
- Best for: People who don't plan to use these funds in the short term
How to Choose the Right Product
Consider the Coin
First, decide what coin you want to deposit. Common choices include:
- USDT/USDC: Stablecoin savings with stable returns and no coin price volatility concerns
- BTC: Earn Bitcoin interest, ideal for long-term BTC holders
- ETH: Ethereum savings — hold and earn simultaneously
- BNB: Deposit BNB for interest and participate in Launchpool
Compare Interest Rates
For the same coin, locked products typically offer higher rates than flexible ones. Longer lock periods mean higher rates. But note that some high-rate products may have quota limits.
Check Quotas
Popular products often sell out, especially high-rate locked products. If you spot a good product, subscribe early. Each product usually has a per-user maximum holding limit — amounts beyond the limit cannot be subscribed.
Assess Your Needs
Ask yourself two questions:
- How long can I go without using this money? This determines whether to choose flexible or locked.
- Can I handle coin price volatility? This determines whether to choose stablecoins or other coins.
How to Subscribe
- Open the Binance APP and tap "Earn" on the homepage
- Browse available products or search for the coin you want to deposit
- Select flexible or locked, and confirm the interest rate and terms
- Enter the subscription amount
- Check the agreement box and tap confirm
How to Check Earnings
In the Binance APP's "Earn" page, tap "My Holdings" to see:
- All earn products you currently hold
- Cumulative earnings for each product
- Estimated daily earnings
- Maturity dates for locked products
Earnings are usually settled once daily and automatically added to the principal for compound interest.
Practical Tips
- Diversify: Don't put everything in one product — spread across both flexible and locked options
- Watch for new products: Binance frequently launches limited-time high-rate products — keep an eye on the Earn page for new offerings
- Enable auto-subscribe: Turning on auto-subscribe means locked products will automatically renew upon maturity, saving you manual effort
- Prioritize stablecoins: If you're mainly looking for stable returns, choose USDT or USDC savings products first
Earn products may not offer the highest returns, but they're safe and steady — ideal for long-term holders looking to build passive income.